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> But now these tech titans all have unassailable positions.

It sometimes seems this way, at least over the near term. But even giants can fall. Time will tell.

It is interesting that their advantages don't solely come from economies of scale or bundling ... there are other factors at work, such as:

1. They leave space for lots of others to make money...

2. ...Until a subspace grows into an attractive product opportunity for the giant to scoop up. How convenient that the market was pre-validated!

3. ...But even competitors that grow powerful are tempted to "defect" and join the Borg by being acquired / absorbed.



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